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Search Results 0 to 16 of about 17 (some duplicates have been removed)
deficit through chapter 9 bankruptcy. but as the court ruling showed, it was rushed into bankruptcy. governor schneider did not use bankruptcy as a last-ditch effort to save detroit. he used it as a first-ditch effort to make sure his buddies on wall street get paid first. the banks are at the front of the line, with their hand out, looking for the money that detroit generates. detroit is not broke. detroit generates nearly $2 billion in revenue in tax revenue every year. not only that, the governor had his eye on the pension fund, since he got into office. so, you know, for us, we pay taxes, because we want services. kevin orr does not understand how to deliver that service. he does not understand how to run a city. he understands how to take companies through bankruptcy. >> yeah. >> and if anybody thought that anything but bankruptcy was going to be the outcome when jones day and kevin orr is there, and then they hire all the consultants that come in from wall street, myers brinkerhoff gobbling up $5 million a month in tax revenue from the citizens of detroit and not putting a pol
, and that deficit can compound itself over time. and finally, rising inequality and declining mobility are bad for our democracy. ordinary folks can't write massive campaign checks or hire high-priced lobbyists and lawyers to tilt the playing field in their favor at everyone else's expense, and so people get the bad taste that the system is rigged. and that increases cynicism and polarization and it decreases the political participation that is a requisite part of our system of self-government. so this is an issue that we have to tackle head on. and if in fact the majority of americans agree that our number one priority is to restore opportunity and broad-based growth for all americans, the question is why has washington consistently failed to act? and i think a big reason is the myths that have developed around the issue of inequality. first, there is the myth that this is a problem restricted to a small share of predominantly minority poor. this isn't a broad-based problem, this is a black problem or hispanic problem or native american problem. it's true that the painful legacy of discrimina
chairman in d.c. and governor of ohio with the largest deficit in our history now balanced with a surplus, we want to get them to focus on doing their job. we all have to get behind this, republican governors, democratic governors. we have $17 trillion debt. it is sucking a lot of the life out of our country. we have the chinese using american dollars that they take from us to recycle in places around the world with the influence they have. we've got to balance the budget. it will restrain them. it will lead to greater economic growth. it is time to get back on this again. i think it is one of the most important issues the country faces. it will be interesting to see if democrats and if liberals recognize the fact at some point they have to be responsible in that town and meet the challenge of these deficits. >> you have been fighting it your entire public life. that is exciting. let me ask you. i have been struck since i'm in here by how many people are concerned that the republican party will repeat the same mistake in washington, d.c. that they made over the last several months. you kn
's infrastructure deficit. roads, bridges, transit systems are all increasingly at risk. we are facing an inadequate state of repair, construction of new facilities are on hold and we are losing ground in meeting our own needs, let alone the challenges of global competition. yet, this challenge is an opportunity for some potential progress. we know what to do to meet this challenge. we can write a new transportation bill that will meet today's needs. it just needs more money. there is a vast coalition that supports additional resources for infrastructure. the so-called special interests that are so often at odds are remarkably aligned when it comes time to recognize and fix this problem. business, labor, professional groups, local government, environmentalists, truckers, bicyclists all agree. the paralysis that surrounds questions of raising taxes does not necessarily need to apply in this case. ronald reagan, after all, was willing to sign into law a five cent gasoline tax increase 31 years ago when a nickel a gallon was real money. a user fee is in fact a different category from a general tax incr
washington post" says it would roll back some of the cuts and take action to reduce the deficits. overall it may not be the grand bargain some were hoping for. negotiators have been trying to find common ground since october as part of the grooemted thagre end the government shutdown. >>> so south africa. the nation and the world gather to remember nelson mandela. sunday was a national day of prayer in south africa with millions paying their respects to the former president. the preparations are now under way for a memorial service that will bring dozens of world leaders, including president obama, to south africa starting today. robin kurnow is outside mandela's home this morning. you've just spoken to one of his closest confidants. what did she say? >> we are hearing for the first time what is going on inside this house behind me. the home where nelson mandela died. we have been seeing a lot of people coming outside in the past few days laying flowers, paying their respects. we understand according to african tradition, nelson mandela's wife is sitting on a mattress in the living room i
will boost the economy by more than 3%, cut the deficit by almost $200 billion over ten years, savings from new workers, new businesses and new taxpayers. those numbers were not lost on the party's fiscal hawks. >> i'm not aware of any trade association, any major or minor business group that doesn't recognize we need more people, business, and fiscal workers. >> and they recognized the historic vote, with the republican party's renewed political life. >> i know that everything is not going to change in a year. but if we don't start now we're not going to have anymore success in four years, eight years or 12 years. >> joining me now back in this reality, is the president of the national council. based on the surprising staffing choice, janet, this staffing choice, staffing choice of members of congress don't normally make news, but this one did. it got tons of attention, the senators tweeting congratulations. why all the hubub about a staffer? >> well, i think it is important, as somebody who worked on capitol hill, i understand how important staff can be. there is no question that the spea
't have any problem with higher taxes if it reflected in deficit reduction or reflected itself in debt reduction. >> that wouldn't be your first point. >> my first point would be to get a spirited leader elected. the last thing is, look at detroit. it can happen everyplace else. >> speak your mind. when we come back, let's say that santa has nothing on these guys, which makes me think, after what i'm about to tell you, they should rebrand red suits for all these nsa guys. :: >> think that was santa? it was an nsa guy dressed as santa. now the judge is furious. wants to give them all a lump of legal coal. >> they deserve an indictment because it's a violation of state law, and federal law and a violation of the constitution. local police, seeing what the nsa is getting away with by capturing every text and e-mail and phone call and recording it and copying is, are now beginning to do the same thing. the have for $400,000 -- i'm going to tell you at the end of this segment where it came from -- bought a device that look like a cell tower and attracts cell phone calls to it. they set up t
fundamentally this plan will work. if we go back and we look. we have a $100 trillion deficit. this was before obama care. it took money from medicare which is already broke and then added a bunch of new people to medicaid as luis said. the states to have pick up the costs and the states like my state of california and illinois, they're both broke already. >> the states have to pick up 10% of the costs in a few years of medicaid. i mean interesting federal government is paying most of it. >> up front. part of the reason why the administration now has delayed the enrollment. they say they and paneleded it until after the 2014 elections. next year people will pay much higher prices than this year. so i think long term, we submitted a plan. the president talks about a plan that he is open to plans women submitted a plan. myself, paul ryan, senator co-bush, we introduced a bill before it was introduced. >> one of the things that i think is pretty cool about this booking, i'm not just saying this. you are two of the most candid people on capitol hill and that says a lot. a lot of candid people up t
. budget deficit $380 million. 17.7% unemployment rate and a quarter of a million people have dropped from the population and down to 700,000 people today. matt, obviously no one wants to see the pensioners who have been used to living on a concern check get less, but it doesn't seem like there is any choices here other than that. >> i don't think anybody wants to see something relying on the pension check to pay their mortgage or food on table, but at the same time, i don't know where the money is coming from. the for ever cents detroit is bringing in 45 cents is going toward debt and it is going to go up to 60 cents they say. >> we have seen this across the county where public unions have cut deals with the government. they are i scratch your back you scratch mine. and that is how this ballooned into this situation where they made promises they can not keep. >> a lot of deals took place a long time ago. but you are running out ouf mof money. detroit, for example, has twice as many pensioners as they do employers in the city. it comes done to math. you have to bring in x-amount of dollars
of congress be ineligible for re-election if they don't beat search benchmarks, like the deficit being beneath a certain percentage of the gdp. it's a lot. >> or certain congressman who get a lot of air time like paul ryan and that's a taste of what we'll see pretty soon. ronan, thanks for stopping by today. today's producer pick comes to us from associate producer kristen bukaria. a georgia court has ordered a man to pay up for breaking his promise to marry. he owes his one-time fiance 50,000 large even though the man claims he never officially popped the question. you can read more by heading to thomas roberts facebook page. you've got to put a ring on it, nice tune. we'll be right back. ♪ if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for over ten years. humira works by targeting and helping to block a specifi
, loss of bladder continents, and the deficits of treatment are currently outweighing the benefits. so that test is no longer recommended. the numbers are pretty clear that the overdiagnosed of early breast cancer happens in many cases as well, and there are a number of things that are being thertaken to try to improve situation clinically. from the point of view the national cancer institute, the thing we are trying to solve is the question of how we can take these early abnormalities and tests to kinds of distinguish between those that are likely to evolve into life- threatening illnesses and those beniare simply the nine -- gn abnormalities that would not cause serious symptoms or life- threatening situations had they not been detected. we're talking with leading researchers about their areas of expertise at the nih. dr. harold varmus is the director of the national cancer institutes. al is joining us from cambridge, ohio. caller: good morning. it is a pleasure to be able to talk to a doctor out here after working for 40 years at a good job but cannot seem to ever get to talk to a d
trillions of dollars of additional deficit and debt are good things for her. >> reporter: and our thanks to dana bash for that, reporting on the gop trying to woo more women voters. >>> all right. the fbi believes a letter was written and sent by a missing new hampshire teenager, abigail hernandez. she was last seen in october on her way home from school in the town of conway. well, abigail's mother received a letter a month ago. police won't talk about details in the letter, but say they are concerned for abigail's safety. adding that it is possible that she is being held against her will. >>> and while you were sleeping, u.s. defense secretary chuck hagel was on a military transport headed for an unannounced trip to afghanistan. he landed in kabul earlier this morning. is he there to thank the u.s. troops for their service and training afghan training forces, and he'll meet with his afghan counterpart to see if afghan troops are able to defend their own country. >>> as the world mourns the death of nelson mandela, tributes to south africa's first black president are pouring in that cou
, finding a little bit of deficit reduction. here's the key thing to focus on, though, right now, alex. the tone. there doesn't seem to be an appetite for another government shutdown. that, of course, bodes well for the economy and washington in general. take a listen to what two lawmakers had to say earlier today. >> keep the budget caps in place, not raise taxes, which is important during this weak economy, and actually avoid a government shutdown. so i'm hopeful that even by the end of this week we'll be able to come together and achieve that. >> i certainly hope as part of it that the negotiators will take to heart what the president had to say. there are working families across america that are struggling. there are unemployed families who need a helping hand. we've got to protect and preserve the safety net in america and give these working families a fighting chance. >> so alex, of course there you have republican rob portman, democrat dick durbin. and you heard senator durbin talking about unemployment insurance. that is still the main sticking point. democrats, the president w
to cut the deficit in half. not true. remember it was about two weeks ago, three weeks ago where the white house said we're going to have this technical -- we're going to have a tech surge to fix this website. you know what? according to "the new york times," you know how many people were in the tech surge? >> how many? >> six. six people in the tech surge. it really was kind of a p.r. stunt. >> unfortunately it's on the backs. american people. they are 5% roughly, of the 7 million enrolled, they need to have 7 million enrolled to pay for this program, so why tell the truth when the lie will get them there? >> only 15%, they are still behind. >> we'll keep you posted on all that. in the meantime, good morning. heather nauert. >> peter, nice to see you. got news to bring you. we begin with a fox news alert. an update on that deadly train derailment in new york. investigators say that train was going 82 miles per hour in a 30 mile per hour zone, this happening early sunday morning. all seven cars jumped the tracks killing four people and injuring dozens of others. the engineer has
Search Results 0 to 16 of about 17 (some duplicates have been removed)